Mid-Island Commercial Lending offers a number of SBA guaranteed loan programs to assist small businesses. While SBA itself does not make loans, it does guarantee loans made to small businesses by private and other institutions.We can help you obtain the financing you require for a refinance of an existing mortgage(s), or a purchase of a new commercial property.
Owner operated Commercial properties ONLY
Loan sizes ranging from $200,000 to $5,000,000 competitive rates
Below is an overview of SBA’s guaranteed loan programs. For more information, click on the name of the program.
7(a) Loan Program:
This is SBA’s primary and most flexible loan program, with financing guaranteed for a variety of general business purposes. It is designed for start-up and existing small businesses, and is delivered through commercial lending institutions.
The major types of 7(a) loans are:
- Express Programs
- Export Loan Programs
- Rural Lender Advantage Program
- Special Purpose Loans Program
CDC/504 Loan Programs:
This program provides long-term, fixed-rate financing to acquire fixed assets (such as real estate or equipment) for expansion or modernization. It is designed for small businesses requiring “brick and mortar” financing, and is delivered by CDCs (Certified Development Companies)—private, non-profit corporations set up to contribute to the economic development of their communities.